Alleged Criminal Activity by HitBTC on Customer Accounts

Mr Rivera alleges that HitBTC has blocked his account and locked down his funds, running into the millions of dollars. This process, according to Mr Rivera, can be tracked through the blockchain and you can see how they are using his fund in an illegal way.

A letter by Mr Rivera’s lawyers Bueno, Acevedo y Castillo (BAC) to Hit Solutions, the holding company of HitBTC asserts that the tokens “are his property and cannot be subject to limitation or restriction by Hit Solutions Limited”.

Mr Rivera, through BAC, claims, “various disposition acts of the tokens have been carried out, which are owned by our representative, and evidently without their authorization”.

The letter from BAC concludes with the request that: “Hit Solutions immediately release the account of our represented and terminate the provided services, so that the property as well as other virtual assets become available in a period not exceeding 48 hours.”

HitBTC claims the reason for the account lockdown is that Mr Rivera failed the KYC security check on his account. However, HitBTC has yet to explain the removal of funds that followed.

There is evidence that a number of other investors have been treated in a similar way by the exchange.

Founded in 2013, HitBTC offers a range of cryptocurrency on its exchange, including Bitcoin, Ethereum and Litecoin.